One of the most significant benefits of using blockchain is its enhanced security. However, as everyone heavily involved in the space knows, hacks are common, leading some to perceive the digital asset space as unsecure. In 2020 alone, numerous digital asset exchanges were hacked, including Altsbit, Exmo, KuCoin, and Harvest Finance.
One of the most common ways for digital asset projects to protect their customers and investors is through an audit. Audits for blockchains are assessments of whether the recorded transactions on a blockchain ledger are verifiably complete and accurate in correction to the available evidence of the transactions recorded in the ledger. Many companies specialize in blockchain audits, ensuring that they have a detailed understanding of the technology that implements the protocols.
YashaDAO, a community-driven incubator and launchpad platform, recently requested that CertiK perform an Extensive Smart Contract audit to help strengthen and improve their platform’s security.
More on YashaDAO
YashaDAO is a community-driven incubator and launchpad platform that sports a generous amount of features to facilitate a healthy investment ecosystem. The team behind the project are well versed in startup development, finance, and marketing. Their main goal is to benefit the entire DeFi landscape at large.
The decentralized platform created by YashaDAO offers a wide range of features that help them to identify promising digital asset projects from emerging ones. The platform also provides investors with the opportunity to invest in a safe and secure environment.
YashaDAO’s main services:
YashaPAD – YashaPAD is a launchpad that provides secure, safe, curated, and community-voted projects to offer investors safe outlets for investing. Every project on the launchpad is taken through a vetting system which allows them to verify the authenticity of a project.
Yasha Incubator – The Yasha Incubator is a program that assists promising teams to launch blockchain games, protocols, and tokens. Each project that is on the incubator goes through a rigorous vetting system that analyzes each aspect of the project, which the team and the community will then verify.
YashaDAO – YashaDAO is a decentralized platform for the InuYasha community. The platform allows community members to vote for YashaPAD launches and project incubation. Thanks to community voting, project launches on YashPAD are safe and secure.
YashaDAO’s CertiK Audit
With the assistance of CertiK, Yasha’s platform underwent an Extensive Smart Contract audit. The central premise of the audit was to catch critical or high issues pertaining to security, contract code, and design.
Findings of the report indicated that the current version of their Smart Contract source code is ready to be released after addressing minor issues. CertiK determined that there were no critical or high issues found related to YashaDAO’s business logic, security or performance.
About CertiK
CertiK provides security consulting services that are designed to assist others with improving their solutions. The team is dedicated to making projects they work with more resistant to unauthorized access of data and manipulation of their systems. They support teams from the design, production, launch phases and beyond. They specialize in reviewing cryptographic protocols and distributed system architecture. This includes digital assets, blockchains, payments, and smart contracts. The team also utilizes a large selection of tools to scan code and networks and build custom tools as necessary.
Image by Vitor Dutra Kaosnoff from Pixabay
Source: https://bitcoinist.com/yashas-recent-extensive-smart-contract-audit-through-certik/